US Treasuries snap loss as stimulus expected from Fed

Treasuries snapped a loss as economists predicted a Federal Reserve statement today will show US growth is weak enough to justify a fresh round of stimulus from the central bank.

13th September, 2012
The US Federal Reserve.

Treasuries snapped a loss as economists predicted a Federal Reserve statement today will show US growth is weak enough to justify a fresh round of stimulus from the central bank.

The Fed will probably implement a third series of bond purchases known as quantitative easing and extend its zero-interest-rate policy into 2015, according to almost two-thirds of economists in a Bloomberg News survey. Benchmark 10-year rates were 37 basis points from the record low, reflecting...

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